Kirch to Meet With Creditors
To Devise Debt-Easing Plan

German media mogul Leo Kirch is due to meet his biggest creditor banks in Munich to find a way to ease his crippling debts.

Wednesday's high-level meeting between Mr. Kirch and German bank executives comes as lenders are considering whether to support a rescue plan proposed by HVB Group, Germany's second-biggest bank, or to make a rival offer.

HVB is understood to have offered to pay Mr. Kirch around 1.1 billion euros ($964...